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20121208
20121208
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prospect of the nation going over the fiscal cliff, the november jobs report delivered better-than- expected news. the labor department said the nation's unemployment rate fell to 7- point-7 percent last month, the lowest in almost four years. >> it's a steady report that shows we continue to see jobs coming back but we still have a long way to go. >> businesses added 146,000 new jobs. retailers, boosted by holiday hiring, accounted for about one- third of them. economists expected about 77,000 new jobs, given the toll of superstorm sandy and concerns about the fiscal cliff. tax increases and spending cuts are set to trigger after january first unless the white house and congressional republicans strike a compromise. house speaker john boehner said friday the president's current approach could hamper future job growth. >> because the risk the president wants us to take, increasing tax rates, will hit many small businesses that produce 60 - 70 percent of the new jobs in our country >> democrats argue that without tax increases on the the revenue necessary to combine with the sa
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